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The Dhaka Stock Exchange yesterday recorded its second-biggest turnover, as the ongoing bull run seems to have gotten an added impetus from the proposed budget measures for the incoming fiscal year. A sign of the level of bustle in the bourse, the turnover stood at Tk 2,669 crore, up 22 percent from the previous session on Thursday. Only on December 6, 2010 were a higher
Despite jitters, 2020 was a banner year for stocks
Despite all the economic uncertainty amid the ongoing coronavirus pandemic, 2020 saw growing investor confidence in the country s stock market, which rose by more than 20 per cent this past year.
DSEX, the benchmark index of the Dhaka Stock Exchange, stood at 4,453 points at the beginning of the year on January 1 while it was 5,402 by the end of December.
A number of indications influenced the upward trend in investor confidence, such as a change to the market regulator s long-standing leadership and policy support from Bangladesh Bank, according to market analysts.
The year will also be remembered for the abnormal rise of insurance stocks, which almost doubled in value amid the current crisis.
Beximco Pharma shares perk up on vaccine deal
Its stock price soared 58pc in three months; DSEX rose 2.16pc last week
Beximco Pharma has been the top choice for stock investors in the last few weeks as they believe the drug producer will make higher profits in the days to come with the administering of a Covid-19 vaccine in Bangladesh.
Stock price of the local drug maker rose 58 per cent to Tk 174 in a span of the past three months.
Piggybacking on the upward trend in pharmaceutical and insurance sectors, the DSEX, the benchmark index of Dhaka Stock Exchange, rose 110 points or 2.16 per cent before closing the week at 5,218.